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Tag Archives: tariff

More Tariff Cuts Under Australia’s Free Trade Deals

Australian farmers and businesses will continue to reap the benefits of the free trade agreements with new tariff cuts kicking-off in the new year in major export markets. Federal Trade Minister Simon Birmingham said the latest round of tariff cuts under the trade agreements with China and South Korea as well as the Trans-Pacific Partnership (TPP-11) would build on the huge benefits these ...

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Trump’s 2020 Trade Vision

President Donald Trump has threatened to blow up the established order of international trade to get fairer terms for the United States. But after three years of tariff hikes and trade negotiations that have yielded some gains, the jury is still out on whether his get-tough approach has produced better results than the tactics of predecessors who were less willing to ...

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AfCFTA To Increase Africa’s Trade By 50%

Africa’s dream of creating a borderless $3.4 trillion market is set to face the litmus test in July next year when the African Continental Free Trade Area (AfCFTA) agreement comes into force. Launched in Kigali, Rwanda, in May this year, the signing of the AfCFTA agreement by all but one of Africa’s 55 countries was a major highlight for the ...

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Australian, New Zealand Dollars Transfixed As Trade Talks Tick Down

The Australian and New Zealand dollars shuffled sideways as Sino-US trade talks approached a weekend tariff deadline with little sign of progress, while data pointed to subdued economic conditions at home. The Aussie idled at US$0.6825 in very quiet trade, having spent six sessions snared in a snug US$0.6813/6862 range. The kiwi dollar was equally becalmed at US$0.6555, though it ...

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Australia Seeks Compensation Over Brexit-Related Trade Disruption

Several non-European countries and Australia have demanded for compensation from EU and US due to disruption of trade related to Brexit. Australia’s lamb and beef exports suffered huge losses due to Brexit confusion. Australia said that it could suffer a reduction in its $366m (£284m) of annual meat exports to the UK and EU as a result and claimed its ...

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